This paper is a survey of recent developments in probabilistic microeconomics. While research on the foundations of utility theory is not reviewed, a general Von Neumann-Morgenstern model of decision-making under uncertainty is presented. Alternative measures of risk aversion are examined within...

I have detected the following minor errors in my article, "Operating Characteristics of Opportunistic Replacement and Inspection Policies," Management Science, Vol. 10, No. 1 (October 1963), pp. 85-98, that might possibly cause some confusion. The first five "t's" appearing in the Preliminaries...